Chandes Momentum Oscillator Technical Analysis & XAUUSD Signals
Created and Developed by Tushar Chandes
Chandes Momentum Oscillator Indicator Trading measures energy of a xauusd.
This Indicator uses a scale ranging between +100 and -100 thus allowing the trader to clearly see changes in net momentum using the 0 level mark as a balance point.
Calculation
Chande momentum uses info for both up days and downwards days in the numerator, thereby directly measuring momentum.
Calculations are performed on un smoothed data. This allows for short-term extreme market movements to be less hidden. However, smoothing can still be applied to Oscillator.
XAUUSD Technical Analysis and How to Generate Trading Signals
Buy Signal
This Oscillator Trading measures the energy of price.
Levels above Zero line are considered to be bullish/buy trade signals.
The higher the indicator goes the higher the upwards price momentum.
Buy Signal
Sell Gold Signal
Levels below Zero line are considered to be bearish/buy trade signals.
The lower the indicator goes the higher the downwards price momentum.
Sell Signal
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